Checotah, OK Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Checotah, OK Housing Market Trends

With 3,095 people, 1,286 houses or apartments, and a median cost of homes of $104,491, house prices in Checotah are solidly below the national average.

Single-family detached homes are the single most common housing type in Checotah, accounting for 80.17% of the city's housing units. Other types of housing that are prevalent in Checotah include duplexes, homes converted to apartments or other small apartment buildings ( 8.83%), mobile homes or trailers ( 6.19%), and a few large apartment complexes or high rise apartments ( 3.16%).

The most prevalent building size and type in Checotah are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.86% owning and 42.14% renting.

There is a lot of housing in Checotah built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Checotah built between 1940-1969 ( 36.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.94%). There's also some housing in Checotah built before 1939 ( 5.01%).

Vacant housing appears to be an issue in Checotah. Fully 15.28% of the housing stock is classified as vacant. Left unchecked, vacant Checotah homes and apartments can be a drag on the real estate market, holding Checotah real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Checotah Home Appreciation Rates

Real estate appreciation rates in Checotah's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.05% during the period.

Over the last year, Checotah appreciation rates have trailed the rest of the nation. In the last twelve months, Checotah's appreciation rate has been 6.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Checotah were at 1.86%, which equates to an annual appreciation rate of 7.64%.

Notably, Checotah's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Oklahoma, our data show that Checotah's latest annual appreciation rate is lower than 60% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$104,491

Checotah, OK HOME PRICES

> $1,155,000
0.0%
0.0%
$866,001 - $1,155,000
0.0%
0.0%
$577,001 - $866,000
0.0%
0.0%
$462,001 - $577,000
0.0%
0.0%
$346,001 - $462,000
2.6%
2.6%
$231,001 - $346,000
9.4%
9.4%
$116,001 - $231,000
28.4%
28.4%
$58,001 - $116,000
47.7%
47.7%
$0 - $58,000
11.9%
11.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for OK

Value Relative To Nation

Number Of Homes And Apartments:
1,286

Checotah Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
74.95% 2.64%
4
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$814 / per month

Homeownership Rate

Owners
57.9%
57.9%
Renters
42.1%
42.1%
Vacant
15.3%
15.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.9%
15.9%
1970 - 1999
43.0%
43.0%
1940 - 1969
36.1%
36.1%
1939 or Older
5.0%
5.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.2%
80.2%
Townhomes
1.6%
1.6%
Small Apt. Buildings
8.8%
8.8%
Apt. Complexes
3.2%
3.2%
Mobile Homes
6.2%
6.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
7.6%
7.6%
1 Bedroom
5.5%
5.5%
2 Bedrooms
30.2%
30.2%
3 Bedrooms
46.7%
46.7%
4 Bedrooms
8.9%
8.9%
5 or more bedrooms
1.2%
1.2%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Checotah

Popular Communities Near Checotah, OK

Zip Codes in Checotah, OK